The question is whether the cutoff will be based on Base MSRP or Final MSRP.
Keeping it under $85k
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I fear you are correct but we won't know for sure until the IRS issues its rules in response to the bill.The MSRP of the vehicle you are buying, so final.
Really sucks bc it kicks the money out of pocket for the ER range upgrade to $18k, vice $11k.
Thanks. I’d missed that news. Now Ford can do their accounting.It seems the IRS has pushed the issue of minerals back on to the Manufacturer to certify, and so far I don't know if Ford has certified anything along that line.??
Treasury and IRS set out procedures for manufacturers, sellers of clean vehicles | Internal Revenue Service
IR-2022-218, December 12, 2022 — The Treasury Department and Internal Revenue Service today issued a Revenue Procedure setting out key processes for manufacturers and sellers of clean vehicles. These processes are required for vehicles to be eligible for one or more clean vehicle tax incentives...www.irs.gov
As of today, the IRS has weighed in:
Q3. How will I know what the manufacturer's suggested retail price (MSRP) is for a vehicle? (added December 29, 2022)
A3. The MSRP will be on the vehicle information label attached to each vehicle on a dealer's premises. The MSRP for this purpose is the base retail price suggested by the manufacturer, plus the retail price suggested by the manufacturer for each accessory or item of optional equipment physically attached to the vehicle at the time of delivery to the dealer. It does not include destination charges or optional items added by the dealer, or taxes and fees.
Topic B — Frequently Asked Questions About Income and Price Limitations for the New Clean Vehicle Credit | Internal Revenue Service
Frequently Asked Questions about income and price limitations for the new Clean Vehicle Credit.
tl;dr: All trim costs including ER count toward MSRP, D&D and anything dealer added does not.
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